IonQ (NYSE:IONQ) Stock Price Down 3.8% – Time to Sell?

Posted by Brenda Bartman on Jun 1st, 2026

IonQ, Inc. (NYSE:IONQ – Get Free Report) traded down 3.8% during mid-day trading on Monday . The company traded as low as $66.97 and last traded at $69.3510. 28,051,067 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 26,464,102 shares. The stock had previously closed at $72.07.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wall Street Zen raised shares of IonQ from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. DA Davidson cut their target price on shares of IonQ from $55.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, February 26th. Jefferies Financial Group set a $85.00 target price on shares of IonQ in a report on Thursday, May 7th. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 target price on shares of IonQ in a report on Thursday, February 26th. Finally, Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of IonQ in a research note on Monday, May 4th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, IonQ has an average rating of “Moderate Buy” and an average target price of $68.63.

Get Our Latest Stock Analysis on IONQ

IonQ Stock Down 3.8%

The firm has a market cap of $25.89 billion, a price-to-earnings ratio of -247.68 and a beta of 3.18. The stock’s 50 day moving average is $43.76 and its 200 day moving average is $43.55.

IonQ (NYSE:IONQ – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. The company had revenue of $64.67 million for the quarter, compared to analyst estimates of $49.75 million. During the same quarter in the prior year, the business earned ($0.14) EPS. IonQ’s revenue was up 754.7% compared to the same quarter last year. Analysts anticipate that IonQ, Inc. will post -2.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert T. Cardillo sold 3,773 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $49.90, for a total transaction of $188,272.70. Following the transaction, the insider owned 139,967 shares in the company, valued at $6,984,353.30. This trade represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John W. Raymond sold 2,800 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $33.34, for a total transaction of $93,352.00. Following the transaction, the insider owned 83,963 shares in the company, valued at $2,799,326.42. This represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IONQ. Ameriflex Group Inc. grew its position in IonQ by 485.7% in the third quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock worth $25,000 after buying an additional 340 shares during the last quarter. Accent Capital Management LLC grew its position in IonQ by 171.8% in the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock worth $26,000 after buying an additional 371 shares during the last quarter. Fortitude Family Office LLC grew its position in IonQ by 3,800.0% in the fourth quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock worth $28,000 after buying an additional 608 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in IonQ by 216.5% in the first quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock worth $28,000 after buying an additional 656 shares during the last quarter. Finally, PeakShares LLC acquired a new position in IonQ in the first quarter worth approximately $29,000. Institutional investors and hedge funds own 41.42% of the company’s stock.

About IonQ

(Get Free Report)

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.